The People's Republic of China (PRC) had been a net energy exporter since the 1960s. In 1993, however, China became a net oil importer. Largely as a result of China's capitalist transition, China's thirst for energy resources ...

In the mid and late 1990s, China embarked on a path of investing in overseas upstream oil and gas assets and intensified its efforts in the latter part of the decade. Since the beginning of this decade, Chinese state oil ...